DavidOakFx

DavidOakFx

Analysis: Why EURCAD is bearish 1. inversion fair value gap (IFVG): Price has reached the marked Inversion Fair Value Gap (IFVG) at the 1.49589 area, which serves as a resistance zone. Liquidity is often tapped in such areas before a reversal movement sets in. The decline from the IFVG area indicates that sellers have become active. 2nd Fibonacci retracement...

DavidOakFx

Analysis: Why XAUUSD is bearish 1. fair value gap incl. deep golden pocket (FVG): The price has reached a fair value gap (FVG) incl. the cosequent encroachment and the deep golden pocket in the 2,717.53 area, which acts as resistance. Such untested liquidity areas are often used by sellers to take short positions. As long as the price remains below this area,...